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Joe Biden - Kevin Maccarthy - Janet Yellen - Debt ceiling deal needs to happen by June 5 to avoid default: Yellen - globalnews.ca - Usa
globalnews.ca
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Debt ceiling deal needs to happen by June 5 to avoid default: Yellen
Memorial Day long weekend, Treasury Secretary Janet Yellen extended the deadline for a deal to raise the government’s $31.4 trillion debt ceiling, but only by four days.Originally, Yellen said the deadline was as early as June 1 to avoid a potential default but in a letter to Congress on Friday, the date was extended to June 5.Yellen said her department would make more than $130 billion in scheduled payments in the first two days of the month, including to veterans and Social Security and Medicare recipients, but encouraged the White House and Republicans to come to an agreement “as soon as possible.”“If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests,” she wrote.The extension comes as President Joe Biden and Republican Speaker Kevin McCarthy appeared to narrow in on a two-year budget deal that was aimed at curbing federal deficits.The pair are hoping to strike a compromise over the weekend, but any deal would need to be a compromise as support would be needed from Republicans and Democrats to pass a divided and narrowly-controlled Congress.On Friday evening before departing for Camp David, Biden said “things are looking good.”“I’m hoping we’ll have some clear evidence tonight before the clock strikes 12 that we have a deal,” he said. “But it’s very close.”Despite potential hang-ups, including over stiffer work requirements on people receiving government food stamps, both sides appeared to be optimistic that they could find a deal.“I’m a total optimist,” McCarthy said Friday.
Joe Biden - Justin Trudeau - Emmanuel Macron - Vladimir Putin - Charles Michel - Volodymyr Zelenskyy - Fumio Kishida - Oleksiy Danilov - Giorgia Meloni - Zelenskyy to join G7 as world leaders tighten sanctions against Russia - fox29.com - China - Japan - Usa - France - Canada - Russia - Saudi Arabia - North Korea - Ukraine
fox29.com
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Zelenskyy to join G7 as world leaders tighten sanctions against Russia
FILE - (L to R) European Council President Charles Michel, Italys Prime Minister Giorgia Meloni, Canadas Prime Minister Justin Trudeau, Frances President Emmanuel Macron, Japans Prime Minister Fumio Kishida, US President Joe Biden, Germanys Chancello HIROSHIMA, Japan - Leaders of the world’s most powerful democracies vowed Friday to tighten punishments on Russia for its 15-month invasion of Ukraine, days before President Volodymyr Zelenskyy joins the Group of Seven summit in person on Sunday."Our support for Ukraine will not waver," the G7 leaders said in a statement released after closed-door meetings, vowing "to stand together against Russia’s illegal, unjustifiable, and unprovoked war of aggression against Ukraine.""Russia started this war and can end this war," they said.Oleksiy Danilov, secretary of Ukraine’s National Security and Defense Council, confirmed on national television that Zelenskyy would attend the summit."We were sure that our president would be where Ukraine needed him, in any part of the world, to solve the issue of stability of our country," Danilov said Friday. "There will be very important matters decided there, so physical presence is a crucial thing to defend our interests."Zelenskyy on Friday opened a visit to Saudi Arabia, where Arab leaders were holding a separate summit, he announced.Russian President Vladimir Putin’s nuclear threats against Ukraine, along with North Korea's months-long barrage of missile tests and China’s rapidly expanding nuclear arsenal, have resonated with Japan’s push to make nuclear disarmament a major part of the summit.
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